We provide strategic planning and consulting to clients executing programs for compliance with Section 404 of the Sarbanes-Oxley (SOX) Act of 2002. Sarbanes-Oxley mandates strict guidelines for financial reporting, along with obligations and accountability for CEOs, CFOs, and their accounting firms, and prescribes criminal penalties for fraudulent reporting.
Macro understands the complexities of doing business in today's digital economy. We combine strategic, technical, operational and organizational expertise with proven, disciplined approaches. We analyze, plan and build solutions that achieve lasting, measurable results. And we focus on helping you transform your organization for success in the new economy.
The Macro SOX-Solutions group consists of a core team of business analysts, software engineers, and developers dedicated to providing solutions that enable our customers to attain and maintain 404 compliance.
Our staff of consultants specializes in streamlining daily and month-end business work-flow. We provide our clients with detailed review and evaluation of internal procedures to establish "best practices" with emphasis on supporting SOX-compliant business processes.
Macro’s leadership in multiple vertical markets and proven approach for internal business reviews following the framework of COSO and COBIT standards allows us to:
- Quickly and efficiently develop IT process documentation.
- Analyze your internal and external processes to assess related risk and associated controls.
- Plan and conduct internal audits of technology processes and information systems to expose potential compliance issues.
- Perform process testing and remediation testing.
- Develop long-term strategies and programs to ensure future compliance.
Our goal is to help you transform your organization for success in every economy.
What our business analysts do for you...
A leading natural gas gatherer and processor realized over 150% return on investment while laying the groundwork for Sarbanes-Oxley (SOX 404) compliance. Macro optimized daily and month-end business processes during the successful migration of over 100 assets into the company’s existing Gas Management System (GMS). The customer derived immediate benefits from identification of cash-flow efficiencies, margin enhancements, overpayments, under collections, and cost avoidance. Macro introduced financial reporting controls, custom reporting, and user-training programs to improve operational efficiencies, revenue recognition, and regulatory compliance.
We help you meet the 404 challenge!
Macro has supported major companies with SOX 404 technical process reviews and testing. During 2004, Macro assisted customers with preparations for initial SOX filing by fulfilling key audit roles in IT process documentation: creation of process narratives, identification and assessment of related risks and associated controls as recorded in standard control matrices, gap analysis, process testing and remediation testing and documentation.
Make Compliance part of your business routine!
Macro took on the challenge of completing all SOX 404 compliance preparations for the IT department of a large utility’s marketing arm. Working within the framework of COSO and COBIT standards, Macro guided the customer through the requisite steps in the compliance road-map. Macro created a custom data repository for tracking internal audit review feedback, compliance issues, business processes, and procedures to support future regulatory obligations. Macro’s Internet-based SOX collaboration tool facilitated the identification and analysis of risks and controls, allowing the customer to:
- Log, analyze and discuss risks
- Log, identify and discuss controls
- Upload documents and track versions of project documentation
